Zecotek Closes Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

For immediate release: January 29, 2018

Zecotek Closes Non-Brokered Private Placement

Singapore, January 29, 2018 – Zecotek Photonics Inc. (the “Company”) (TSX-V: ZMS; Frankfurt: W1I), a developer of leading-edge photonics technologies for healthcare, industrial and scientific markets, today announced that the Company has closed its private placement announced on December 29, 2017, by selling 16,103,000 units (each a “Unit”) of the Company at a price of $0.30 per Unit for gross proceeds of $4,830,900.

Each Unit of the Company consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one Share at an exercise price of $0.43 per Share for a period of two years from closing.

The Company paid finder’s fees consisting of cash fees totalling $98,997.99 and issued 329,993 finder’s warrants (“Finder’s Warrants”) exercisable at a price of Cdn$0.43 per Share for a period of two years from closing.

13,819,666 of the Units and the Finder’s Warrants are subject to a four-month hold period expiring on May 26, 2018.

Net proceeds from the funds raised will be used for general working capital purposes including the manufacture of products and strengthening and maintaining the Company’s IP portfolio.

This press release may contain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what may have been stated.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release. If you would like to receive news from Zecotek in the future please visit the corporate website at www.zecotek.com.